All mortgage programs at The Summit Federal Credit Union require credit and property approval. You can also stop by your local branch office. Your savings are federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. Government Agency. With a 30-year loan, you have the advantage of lower monthly payments due to the longer loan term. 30, 20, and 15 year fixed mortgage loans will transfer servicing to an investor. As of 03/17/2020, the Prime rate was 3.25%. ... We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act. Mortgage loans are only available for owner-occupied 1-4 family properties located in New York State. You must be a member of The Summit FCU to take advantage of its products and services. Your savings are federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. Must be 18 years of age or older to apply. Summit Credit Union offers competitive RATES for all its savings and loan options! Salaries posted anonymously by Summit Credit Union employees. Our Mortgage Originators are only a phone call away if you need help. Summit Credit Union has been open since 1935. Fixed-Rate Loans. Contact us at (585)453-7010 or (800)836-7328 extension 7010. And credit union mortgage rates may be more competitive than rates from banks or other lenders. Subject to credit approval. National Credit Union Administration, a U.S. Government Agency. MORTGAGE RESOURCES. Serving Central & Western New York All terms and conditions may change at anytime without prior notice. Today's Rates. Search form. Summit is Wisconsin’s largest credit union. Whether you're buying, building or fixing up a home, Summit is here to help answer any questions you may have, and make sure you're asking the right ones too. Receive a lump sum of money with a Fixed-Rate Loan or borrow money as needed with a revolving Line of Credit. Will likely pay a lower interest rate over the first 10 years of your loan (vs. a fixed rate loan) No mortgage insurance with equity or a down payment of at least 10% And like every Summit mortgage, your loan will be serviced directly by Summit Contact SFCU staff for more information about applicable fees and terms. You must be a member of The Summit FCU to take advantage of its products and services. A loan guaranteed by the Veteran's Administration with little or no down payment. 100% financing available on car loans. Comparing rates from three, 4 or more loan providers helps ensure you're getting competitive offers on a new home loan or a refinance. Office: (585)453-7287; Cell Phone: (585)329-4488; Fax: (585)453-7216; Email: nannini@summitfcu.org 100 Marina Drive Rochester, NY 14626; NMLS Registry Number - 671515; I have been with The Summit for 15 years and in the mortgage business since 1991. Find maximum loan amount My annual income is. Rates as low as 8.25% up to 60 months: Share Secured: 3.50% -- (Certificate Secured 2% above CD Yield) Visa Credit Card: Rates as low as 10.75%: Holiday & Vacation Loans: Rates as low as 10.00% for up to 10 months: Handi/Cash Loan: 39% with a 5% advance fee -up to $500 for 90 days The process of obtaining a new mortgage, usually at a lower rate, to repay and replace an existing mortgage. Home Equity Loan Options. A Summit Mortgage Originator will follow up to answer your questions. New SFCU loans only. “On average, credit unions offer lower rates on mortgage loans,” says Long. You can see all the loan specifics and disclosures by clicking the Payment amount for each loan program. The Summit is an Equal Housing Lender. The Summit’s loan programs, rates, terms. Founded in 1935, the mortgage lender grew considerably after several mergers with other credit unions within the state.. 10021 E. 66th Terrace, Raytown, MO 64133 | NMLS# 459083. Find a bank near Madison or Milwaukee, WI. Variable rates available for all loan types. And finally, since they’re a not-for-profit financial cooperative, all of their earnings are redistributed right back to their members. Summit Credit Union has been open since 1935. If you have questions about the home loan process, credit requirements, down payment needed, etc. Rates may change daily. Summit Credit Union has been open since 1935. Mortgage Rates; Application Tips; Mortgage Checklist The current offered rates 6 are: 15-Year Repayment Term: between 6.00% and 11.00% APR A Home Equity Loan from your Credit Union can provide you with the cash you need for home improvements, college tuition, debt consolidation, or to take a much-needed vacation. These loans are available only to qualifying veterans for the purchase or refinance of a home, which is for their own personal occupancy. love your mortgage Set up your auto-pay with a United checking account and get a 0.125% 1 discount on your rate.. Our goal is to provide the highest level of service at competitive rates. and conditions are subject to change at any time. You must be a Summit member to apply. Loans are subject to credit approval and certain limitations may apply. It's the 2nd largest credit union in Wisconsin with assets totaling $4.24 Billion and providing banking services to more than 203,000 members. Kim M. 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